Euro/Dollar forecast for today: EURUSD analysis 24.12.2021

The euro continues to trade in the sideways trend and is currently testing the border of the short-term downtrend 1.1331 – 1.1322. The zone was held, therefore, the priority for the search for sales remains. The first target is yesterday’s low. The second target is the lower border of the sideways trend 1.1240. To form a sell pattern, it is necessary to consolidate the price below the level of 1.1322.

An alternative buy scenario suggests the breakout of the upper border of the sideways trend 1.1350. In this case, the short-term trend will reverse up, and the target for purchases will be the upper Target Zone 1.1428 – 1.1410.

EURUSD trading ideas for today:

Open sell positions according to the pattern in 1.1350 – 1.1322.

TakeProfit: 1.1240.

StopLoss: according to the pattern rules.

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